2012-11-08
2012-11-16
x cisco

STATION
CNN 16
CNNW 16
CNBC 12
WBAL (NBC) 3
FBC 2
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KQED (PBS) 2
KRON (MyNetworkTV) 2
CSPAN2 1
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English 63

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, brought to you as a public service by your television provider. >> a look now at technology and entrepreneurship from a recent conference in detroit held at wayne state university. speakers include aol founder steve case, tim draper. former u.s. chief information officer. this is about two hours. >> thank you so much for getting us started. thank you all for being here. it's really exciting to finally have this thing and we. we've been working on for an awfully long time. what we do at techonomy is mostly up to now it's been sort of retreat like invitation only, leaders thing in the desert and i would really want to get our message out in the broader community, particularly in the united states where we think there's some messages that are just not sufficiently understood. and that's what you, i hope you will be hearing throughout the day today. and the message is, these events are focused on four issues. u.s. competitiveness, the future of jobs, economic growth, which is adequate to the first to come and then the revival of our cities with detroit as case study number one.

is technology. generally technology isn't a heavily regulated industry any way. and they don't really pay a high dividend. >> the question is will we see a end of year zell selloff as toward try to lock in profits when tax rates are lower verse us next year when they go up. but how high will they go up on the dividend payers? >> right now, president obama's propose al would have dividends taxed at ordinary income. that is substantially higher tax rate than the 15% tax rate that toward are enjoying right now. either way, we think that dividend yields will ultimately get dinged. as you mentioned, they have gotten hit. they were down something like 3% and the week ending just before the election. even in anticipation of that. it's hard to know. remember, a lot of dividend stocks are held in tax-exempt accounts, 401(k)s, pensions, endowments, foundations. we are dealing with a subset here. my sense is we will not sie a pull back because a lot of dividends aren't taxed to the extent you would think. >> good to have you on the program. thank you so much. >> thank you, maria. >> up next on the "wall st

technology and ultimately our military power and potential for growth and we are settling into over the pale, everybody in silicon view is angling for green subsidies and it is a tragedy. lou: that tragedy compounded by the fact the money that has been spent by this administration if you will on venture money like solyndra has been disastrous. >> they are twisting our venture capitalist, turning people like john doerr into a blithering idiot. john seeking government subsidies. he now wants us to support him rather than him to support the country with wonderful new companies like intel. lou: john is being adaptive to new realities. the primary source of the capital, he is turning to it, i suppose. i want to turn to this book, "the israel test." you take up the issue of the world civilization, importance of israel within it. as a capitalist as well as jewish state. you really believe that israel is that strong, that important in the world's future? >> i certainly do. the american economy is heavily dependent on israel today, partly because of the debauchery of silicon valley, but now israel is

would say the sector most insulated from increased regulation in the dividends would be technology. generally technology isn't a very heavily regulated industry anyway. and they don't really pay a very high dividend. >> the question is, are we going to continue to see an end of year selloff as investors try to lock in profits when tax rates are lower versus next year when they, of course, will go up. but how high will they go up on the dividend-payers. >> sure. you're right. right now, you know, president obama's proposal would be to have dividends taxed at ordinary income. that would be substantially higher tax rate than the 15% tax rate that investors are enjoying right now. and, you know, either way, we do think that dividend yields will ultimately get dinged. as you mention, they have gotten hit, they were down something like 3% in the weekended right before the election. so even in anticipation of that. you know, it's hard to know. i mean, remember, a lot of dividends stocks are held in tax-exempt accounts anyway. 401(k)s, endowments, pensions. so we're dealing with a subset h

. down 60 points on the dow industrial average. nasdaq composite, weaker by 20 points. technology one of the laggards here today at 2883. the s&p 500 tonight gave up five points at 1374. we are moments away from quarterly earn from cisco. the company is expected to report a profit for the first quarter of 46 cents a share and revenue of $11.77 billion. let's get to today's market action as we await the numbers. good to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that ends up being made under this grand bargain, it's going to be something that ends up hurting unemployment. that being said, i think there's always a tale of two markets. from a broader market standpoint, i expect the market to be hurting. there's always opportunities to be had. >> steve, you have some breaking news earlier. you reported on janet yellen. tell us what that says about where we're headed in terms of e

technology company. certainly when you think about silicon valley and companies that have hit hard times. very view come through it and re-emerge. apple is one that we can all remember having done that. ibm. although not a silicon valley company but technology company. most recently perhaps ebay in a significant decline but i spoke to john at length on friday and it appears they have brought around their marketplace business in addition to continue strong growth at the paypal unit. it's difficult to do. when you come back to yahoo! you have to wonder how do they do it? >> is there an act two? cisco tonight almost every analyst on the street said they're going to miss. >> universal in both miss and then the guidance is going to be negative. david, when you spoke with stevenson, didn't you get the sense that the companies are done spending on anything other than amd on towers? >> they got to spend. you know, stevenson was very outspoken in saying fiscal cliff. we're not spending but we are. we're deciding to spend $14 billion over the next three years. they absolutely have to in order to c

. we'll talk technology later on but that's not the only subject. what's coming up? >> reporter: a very cool napa valley. we are very close to silicon valley, so here at napa valley ceo technology summit we'll be joined throughout the day by a number of luminaries from the technology industry. i'll be talking to john donahoe, ceo of ebay. back to you. >> french laundry, that's the key tonight. french laundry. he's smiling like he's already been. meantime, a road map starts at cross section of wall street and washington. third weeks of losses as congressional office highlights difficulties if no fiscal cliff worked out. >> jcpenney shares on sale as it posts a much bigger loss and revenue miss. concerns mounting now about whether ceo ron johnson can right this ship. >> disney shares under pressure. casually optimistic about theme park business. >> groupon, one analyst slashing his down to one. >>> the worries the president and washington lawmakers will not agree on a deal to avoid the fiscal cliff. the cbo warns if an agreement is not struck by the end. year, the u.s. economy would head

stuff like this guy. >> yeah. avery, do you think that the laws will change with the technology that they just haven't caught up with this? do you see that happening in the future? >> well, that's a wonderful question. actually technology is so far ahead of where our laws are both federal and state. you know what? it's always going to be a struggle, susan, between trying to stop anti-social behavior in these tweets and freedom of expression under the first amendment. that balance test is the constant in federal and state courts. you know what? i don't know that the law is ever going to catch up with social media and technology. i think it's going to be case by case. always a struggle. always a battle in the courts. very difficult to answer. >> all right. we're switching to maine now. we're talking about one of the most famous pieces of art work in maine. the governor ordered it to be removed. and the artist is claiming she does not want it to be removed because she was paid for this. confusing case here. richard, what do you think? >> i think that the governor should have taken

technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. >>> president obama's re-election was obviously a loss for mitt romney, a huge one, but by extension, may have been an even bigger loss for the tea party. after all, paul ryan, a tea party favorite, couldn't deliver his own state of wisconsin for his ticket. he will return to his house seat to serve an eighth term. many tea party members kept thei

rushed, particularly technology companies rushed to europe. you'll see in q-1 companies saying, look, we have maintained our european. don't worry about european. if they don't say it, i think we'll sell the stocks. >> worse before it gets better was on the conference call. >> industrial production misses this ridiculous fight between the eu and imf. bank of england cutting growth outlook for the u.k. >> gdp tomorrow. it will be terrible. alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will happen. we won't let europe bring our company down. latin american, asia turn turne. we won't let europe ruin us. europe will be isolated. that's what happens if you decide to go off the grid like they're doing. their major issue is carbon tax. they keep talking about carbon tax. the european, the german power company talking about having too much solar power which is bringing down and able to make money

deloitte ranked it number one on their 2012 technology fast 500 list. not only that, the model has been named car of the year but automobile magazine, yahoo, and the coveted "motor trend." jim, i've test driven the model s, and as the "wall street journal" car guy says, it's a beautiful car that goes like the stink of hell. i couldn't agree more. do you still think it's too speculative? >> i was talking to my friend mike faber -- i mean david faber. mike faber's the guy from homeland. he said jimmy, have you checked out the tesla? my take is tesla didn't go down because romney lost but i need earnings. i've got enough problems with the companies that have big earnings, big dividends, i don't need to go into the speculative mode right now. please be careful. with the fiscal cliff looming the early bird is not catching the worm right now. it's just getting crushed. okay? the fiscal clifford, yes -- fiscal clifford, the big red ink dog is going to crush the early birds. it's too late to sell for most stocks already, though. well, let's say for a lot of them. and it's right to start legging

were weak, falling 1.6%. and the tech sector was down another 1.4%. technology has been particular weak in this recent market sell- off. new product launches from apple and microsoft have not been enough to erase worries about consumer and company spending on technology. the sector exchange traded tells the story-- it fell 1.4% today at a three and a half month low. internet networking gear maker cisco systems was among those leading the way lower. it fell 2.2%. cisco is due to report earnings next week, giving investors a peak into its turnaround effort and corporate tech spending. the holiday sales may be starting earlier than ever this year, but some retailers, they've seen investor sales hit their stock prices. kohl's and coach target different types of shoppers, but both suffered stock drops. coach fell 5.3%. coach's business has been helped by its stores in china. a new set of communist leaders are expected to be announced in china in the coming days. meantime, kohl's fell 5.1%, despite better than expected quarterly results. it's holiday forecast was a little shy of expectations.

pressures and the uncertainties, and also other technology companies really did not have very good quarters as well. i thought the company did a very good job on execution, on cross control and market share gains. the fact that this company is grow revenues at 5.5% while its peers saw revenues decline 4.3% in the same time period, it really speaks to the market share gains that they're seeing and that the clear highlights to me were service provider video, retireless and data center all growing double digits nicely. >> kelly and i were talking about this earlier. cisco seems to sort of outperform -- seems to be an outliar. does well when others aren't and doesn't do well when others are. i'm wondering is that actually the case? because that's the appearance. and indeed whether we can take anything for the sector from this. >> i think the one thing that if you want to take away from cisco's quarter is that the u.s. enterprise for cisco grew 9%, versus 5% last quarter. that's the second quarter in a row where you saw acceleration. and this is a leading indicator for its broader businesses. th

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to technology. >> the reality show is called "silicone valley" and it's now starring on bravo. the show benefits from the convergence of technology and pop culture. check it out. >> technology is such a part of pop culture. it's a part of all of our lives. it's a part of how we parent our children. it's a part of how we get jobs. it's a part of how we find love. most people are within an arm's length of their mobile phones, like, 99% of the take. >> randy zuckerburg took the company public to start her own media company. >>> several stories caught our attention today. photos as well. take a look. in india a little girl holds a stick to balance as she tight-ropes in the streets. children earn a meager living for their families by street prfling. >>> this town was bombed by syrian forces. more than 100,000 syrians have fled to turkey since syria's civil war began just last year. >>> in new zealand prince charles learning how to use a gun used to make carpets. the royal logo is on the one he is working on. it's part of the queen's diamond jubilee float. >>> this is cnn newsroom. new details now on

and information technology has transformed how companies must now compete. old jobs and ways of doing business are obsolete. when you're fighting competitors across the globe for market share a company and its employees, have to be agile, nimble and work harder than ever. best-selling author jason jennings has been heralded by usa today as 1 of the 3 most in-demand business speakers in the world. he has new book, "the reinventors: how extraordinary companies pursue radical continuous change." adapt, grow, change - or perish? is it that stark? > > is that stark. if you take a look at the list of the original fortune 100 companies - you may find it surprising - only 2 are left. these are the companies who had the capital, they had the people, they had all the resources, and they couldn't survive. absolutely could not. and it's happening at increasingly warp speed. take a look at blackberry, research in motion - two years ago were at $77 billion. today their market capitalization is $5 billion. what happened? they are fast becoming irrelevant. look at circuit city. irrelevant. a few years ago, on

. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> two women are dead after eating wild mushrooms. four others are in the hospital including the caregiver who picked the mushrooms and tossed them into a soup. local authorities are investigating now. a spokesman says that foul play is not suspected. >>> heart health experts meet ing last week in los angeles came up with several things everyone should know to keep our tickers humming along. the american heart association boiled down the list to top four. multivitamins don't reduce the risk. a lot of people think they do. but experts say they do not. number two, you're never too young for heart disease. people

are really waiting to see how consumers and enterprises adopt this technology. i think it's great. i'm not the only consumer out there. i learned early on in the career, don't design products just for myself and waiting to see how consumers adopt these things. i think microsoft did a great jb on it. and now we need a lot more apps and more devices to ship. >> you got your finger on the pulse of so many different products, paul. you must have a guess how it's received. there must be a reason why you say cautiously optistic and how consumers receive the product. >> it's just, you know, you never know. a new product comes out. if everybody knew how consumers would react to things every hollywood movie would be a blockbuster. >> true. >> i look at it and say we'll build the enabling technology and be here and make sure that we make the investments in r&d so that we can build the next generations of products to be better an better and hopefully that wave comes in. you think about the smartphone wave to hit, we kept ourselves prepared. we built the products the right way. and when it hit,

nuclear weapons. they desperately need food. their people are enormously poor. they need technology. i'd give this guy a little opening. >> all right. we'll see what happens. ambassador, thanks very much for coming in. >> thank you. >> bill richardson, former governor of new mexico. >>> want to go right to our pentagon correspondent barbara starr. she's getting new information on paula broadwell. what are you learning, barbara? >> wolf, some really stunning new information. cnn has learned from two u.s. officials that paula broadwell's security clearance has been suspended. she is a serving reservist, if you will, with the u.s. army, a military intelligence analyst. as such, she would at least have a secret level security clearance. we are now told that security clearance suspended pending the outcome of several investigations. we went to the army to ask them for an official response. they will not say anything except the following. and let me read it to you. "appropriate actions with regard to this officer's clearance and access have been taken." the statement goes onto say "the army

is julian sanchez, a senior research fellow covering technology, privacy, and civil liberties. jeremy, once again, a reminder that even though you hit the delete button, it doesn't disappear completely, does it? >> everything can be tracked, traced, monitored and recovered. if you have something really important or private, either say it in person, put it on a piece of paper, burn the piece of paper, nothing is private anymore. >> even a draft? you didn't even send the draft. >> there are two kind of people that use this technique. it's teenagers and people who read "the girl with the dragon tattoo." this is a pretty well-known technique. it isn't super secret. it's more than what you'd expect from the average person to do, but if somebody wants it get into a g-mail account, the most e-mailed article last week in "the new york times" was how to protect your password. people are just getting a feel for out insecure their online e-mail accounts are, but they're very vulnerable. >> so they're figuring out your password. >> julian, you're troubled this investigation began to begin with. it did

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. thanks. that's the cold truth! but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. he loves risk. but whether he's climbing everest, scuba diving th

technology. and recently it is the digital footprint of dalliances that have led to some spectacular falls. remember congressman anthony weiner? he tweeted a photo of his privates. the story broke, he denied it, claiming his twitter account had been hacked, eventually fessed up and resigned. >> i apologize first and foremost to my wife, and to my family. >> there was client number nine, aka eliot spitzer, the governor of new york, and former cnn anchor. when investigators followed his money, it revealed he spent thousands as a regular client of a call girl. he, too, stepped down. >> i've acted in a way that violates my obligations to my family, and that violates my or any sense of right and wrong. >> and now comes general petraeus, done in by a simple click of the mouse. >> e-mail traffic is -- it is amazing that e-mail is still being used in such a careless and reckless fashion because it is just evidence against you. >> modern science can also play a role. remember president clinton and the dna on a blue dress belonging to a certain white house intern, monica lewinsky. >> i did not have

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in technology standing. cisco made 1 billion for the company. facebook shares are down overnight. more shares are becoming available today as the lock up. in 4700707 7 million shares. will have more on that with jackie sissel in a live report. >> the finance chiefs of zinga is leaving. >> toyota is recalling more than two and half million second-generation previous models worldwide. is prompted by problems with an electric motopowered motor pump. 670,000 of these recalled pruis or so in the u.s.. customers will be notified by mail. this ottoman maker to a major recall. >> the power is back on at san francisco's city hall after an explosion in the basement. just before 930 and led to open a book of slocan the building cognizanof the sprinkler systemo go off. >> it is 5:10 a.m. still ahead on the kron 4 morning news times to hit the slopes snowboards and skiers getting out early. we will tell you which lake tahoe resorts are open starting today. you can see no traffic and it is clear. it is time to sski and snowboard. >> cold temperatures have been blowing snow starting today heavenly of things

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-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> welcome back, everybody. you're watching "starting point." powerless and cold in the nor'easter. now more power outages and freezing temperatures and inches of snow are adding to the devastation. president obama back to work after winning re-election but with a looming fiscal cliff, a divided congress, can he avert disaster? >>> the dow tanks with its worst day of the year, soledad. are we in for more trouble in the markets? today i'll look at what stocks took the hardest hit and what it means for you. >>> facing her shooter, gabby giffords in court today for the sentencing of jared lee laughner and her husband has plans to speak at that hearing. >> lots happening this morning. we'll talk with democratic san antonio mayor julio castro, dr. sanjay gupta will be with us. austan golsbee will be with us and david alan greer. it's november 8th, and starting point begins right now. >>> welcome, everybody. our team this morning, republica

thing, on the counting thing. we are in the technological age. it is time to move and fix it. that's my editorializing this morning. let's go back to the fiscal cliff. we also should get a little counter for the fiscal cliff. 53 days. christine's got an update on what it will mean if we hit it in 53 days. >> pretty alarming report out from the congressional budget office about this. it said in the post-election report on the fiscal cliff, it will lead to a recession and a spike in unemployment to 9.1%. congress, running out of time to prevent taxes rising for everyone and to prevent across-the-board 8% to 10% cuts for agencies like the fda, cdc, border patrol, education. the cdc director has said this, the reduction will risk costly and deadly spread of disease, and failures to prevent tragic and expensive health problems. every government agency is trying to figure out what these cuts will do to their ability to work for the people. the cbo also found that raising taxes just on the wealthy would not meaningfully hurt economic growth. quick check of the market right now. u.s. stock futu

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are looking for right now. it's a plan to make sure this country is a global leader in research and technology and clean energy which will attract new companies and high wage jobs to america. it's a plan to put folks back to work, including our veterans. rebuilding our roads and bridges and infrastructure, and it's a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of the year we face a series of deadlines that will force us to make major decisions about how to pay our deficit down. decision that is will have a huge impact on the economy and the middle class both now and in the future. last year i worked with democrats and republicans to cut $1 trillion wovrt of spending that we just couldn't afford. i intend to work with both parties to do more. that includes making reforms that will bring down the cost of health care so we can strengthen programs like medicaid and medicare for the long haul. like i've said before, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spen

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